Richard Thomas, the owner of Green Scapes Lawn Services, Inc., is age 57.

He began the company 30 years ago, and at times it was a real struggle. Richard would like to retire at age 67. Because the lawn services industry is physically demanding, most of his employees are younger and lower paid compared to his income of $230,000.

Richard has no debts, personal or business, and he is willing to reduce his current income. Which of the following employer-sponsored retirement plans best fits the facts and circumstances?

A. Cash balance plan.

B. Defined benefit plan.

C. SIMPLE 401(k).

D. Target benefit plan